Green Finance
Climate finance has steadily increased over the last decade, reaching USD 632 billion in 2020, potentially requiring a further increase of at least 590% - to USD 4.35 trillion annually by 2030 - to meet global objectives. Some of the leading asset managers and banks have led the way, earmarking billions towards ESG investments.
This significant scale up of investments by both the private and public sectors present significant opportunities for a carbon resilient development, while building wealth. There are low carbon technologies to support, renewable energy infrastructure to build, and polluting industries to phase out. Investors and asset managers are putting their money to green projects, not the least because investments with high ESG ratings have pointed to better financial performance as well. So much so, that the total value of ESG investments is set to exceed $53 trillion by 2025, making for more than a third of all global investments at that time.